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Here's what you need to know before Tadawul trading on Tuesday

RIYADH: Saudi Arabia’s main stock market crossed the 13,900-level for the first time in 16 years on Monday but gave up gains later in the day due to lower investor sentiment. TASI, as the main index is known, closed flat at 13,814 points, and the parallel market Nomu dropped 0.3 percent to 23,475 points. Elsewhere in the Gulf, stock exchanges of Abu Dhabi, Dubai, Qatar, ....

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Saudi Amlak renews $177mln loan from SAIB to bolster real estate finance

Page Not Found | ZAWYA MENA Edition ....

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Saudi Amlak renews $177m loan from SAIB to bolster real estate finance

RIYADH: Saudi-listed Amlak International for Real Estate Finance has renewed its SR665 million ($177 million) credit facility agreement with the Saudi Investment Bank, known as SAIB. Specialized in providing Shariah-compliant real estate financing, the company will use the funds in “facilitating the company’s business and increasing its ability to finance its clients,” it said ....

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Amlak International extends, amends loan with SAIB

Amlak International extends, amends loan with SAIB
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A New Pipeline for IPOs: Saudi Arabia

By Craig Mellow
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A virtual-reality experience at the Saudi Telecom booth at the GSMA Mobile World Congress 2019.
David Ramos/Getty Images
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Wall Street isn’t the only hot IPO market these days. In Saudi Arabia, a wavelet of new public offerings though they may not be
DoorDash
or Airbnb have yielded outsize returns, with more newcomers in the pipeline.
Saudi Arabia? Really? The broader Saudi market has barely broken even this year, as oil prices swooned and Covid-19 forced the cancellation of the hajj, or pilgrimage to Mecca. But its biggest IPO,
Amlak International for Real Estate ....

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